Author: FX
Markets navigated the first US government shutdown in seven years with surprising resilience on Wednesday, as equities posted a fourth consecutive gain despite the political dysfunction in Washington. The shocking negative ADP payrolls print intensified Fed rate cut expectations, sending Treasury yields lower while gold and Bitcoin marched higher. Check out the headlines and economic updates you may have missed in the latest trading sessions! Headlines & Data: Japan’s ruling Liberal Democratic Party elected Sanae Takaichi as leader, viewed as supportive of loose fiscal and monetary policy, triggering sharp yen weakness French Prime Minister Sebastien Lecornu resigned after less than a…
JHVEPhoto More than 400 Sysco (NYSE:SYY) warehouse employees and drivers in San Francisco voted unanimously to authorize a strike if the company does not meet their demands for higher pay and better working conditions. The San Francisco Teamsters union is asking Source link
Critical Metals shares soar after Reuters report says Washington eyeing stake Source link
Beginning November 1st, all medium and heavy-duty trucks coming into the US will be tariffed at 25%We will wait on the details but in the USA, the FHWA classifiesMedium-duty truck = Classes 4–6, GVWR 14,001–26,000 lbHeavy-duty truck = Classes 7–8, GVWR 26,001 lb and upDon’t think of these as the retail-type trucks you see on the road (like a Ford F150) but as hauling trucks. This isn’t not important news for the major automakers.In the bigger picture, Tariff Man continues to press that issue. There was a hope that Liberation Day was basically a one-and-done that would be ratcheted down…
The Reserve Bank of Australia (RBA) kept interest rates on hold at 3.60% as expected, but cautious commentary from Governor Bullock limited the Aussie’s gains. Although policymakers voted unanimously to sit on their hands for now, their official statement struck a somber tone, noting that “recent data, while partial and volatile, suggest that inflation in the September quarter may be higher than expected.” Let’s examine which setups from our watchlist capitalized on this mixed RBA outcome and how they performed against a backdrop of U.S. government shutdown concerns and NFP positioning. Watchlists are price outlook & strategy discussions supported by…
BNY Mellon High Yield ETF declares $0.2989 dividend Source link
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…
narvo vexar Fifth Third Bancorp (NASDAQ:FITB) and Comerica Incorporated (NYSE:CMA) have entered into a definitive agreement for an all-stock merger valued at $10.9 billion. The combination will bring together two long-established banking franchises to create the 9th largest U.S. bank, holding approximately $288 billion in Source link
Australian Dollar (AUD) may edge lower; any decline is likely part of a lower range of 0.6580/0.6620. In the longer run, AUD remains neutral but is now expected to trade in a narrower range of 0.6555/0.6640AUD remains neutral but is now expected to trade in a narrower range of 0.6555/0.6640. AUD/USD remains neutral 24-HOUR VIEW: “When AUD was at 0.6595 in the early Asian session last Friday, we held the view that it ‘could test the support at 0.6570 before recovering.’ Our expectation did not materialise, as AUD traded in a quiet manner between 0.6590 and 0.6614, closing largely unchanged…
EUR/JPY has surged past its 2024 and September highs, confirming renewed bullish momentum. A short-term pullback toward 175.00/174.70 could attract buyers, keeping the broader uptrend intact with upside targets at 177.60 and 178.80, Société Générale’s FX analysts note. Strong uptrend extends as EUR/JPY gaps higher”EUR/JPY has surpassed both the 2024 high and the September peak, opening with a significant upward gap. This underscores a strong resurgence in upward momentum. Should a brief pullback occur, the gap area around 175.00/174.70 is expected to offer initial short-term support.” “If the pair maintains above this zone, the uptrend is likely to continue. The next…